MARKET UPDATE

Randy Oikle, President of the Ottawa Real Estate Board, has given the Ottawa Citizen an update on the City’s real estate market as it stands currently. This year’s July has been the second strongest July on record, sitting behind only the July of 2009. He predicts that this upcoming year will be both strong and stable with sales of single, semi-detached and freehold homes leading the way; the sales of which have gone up by 2% since last year. The condo market still remains uncertain and the new housing market remains soft. Read the whole article at the Ottawa Citizen HERE.